Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Colorado
COPCEPCFOOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,922.00
Year-over-Year Change
76.92%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures per capita personal consumption expenditures on nondurable goods, specifically food and beverages purchased for off-premises consumption in Colorado. It provides insights into consumer spending patterns and household budgets.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Per Capita Personal Consumption Expenditures (PCE) metric tracks the average amount spent by Colorado residents on nondurable goods, including food and beverages consumed outside of the home. This data is used by economists and policymakers to analyze consumer behavior and the overall state of the local economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and other economic indicators.
Historical Context
This trend is closely monitored by government agencies, financial institutions, and market analysts to assess consumer demand and inform economic policy decisions.
Key Facts
- Colorado residents spend an average of $X per person on off-premises food and beverage consumption.
- This trend has increased/decreased by Y% over the past Z years.
- Food and beverage purchases make up approximately W% of total nondurable goods spending in Colorado.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average per capita personal consumption expenditures on nondurable goods, specifically food and beverages purchased for off-premises consumption in Colorado.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into consumer spending patterns and household budgets, which are crucial for understanding the state of the local economy and informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on household surveys and other economic indicators.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, financial institutions, and market analysts to assess consumer demand and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have a short delay in reporting compared to real-time consumer spending activity.
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Citation
U.S. Federal Reserve, Per Capita Personal Consumption Expenditures: Nondurable Goods: Food and Beverages Purchased for Off-Premises Consumption for Colorado (COPCEPCFOOD), retrieved from FRED.